Examlex

Solved

SCENARIO 10-3
as Part of an Evaluation Program, a Sporting

question 284

Multiple Choice

SCENARIO 10-3
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles.She took 3 of each brand and determined their maximum downhill speeds.The results are presented in miles per hour in the table below.  Trial Barth Tornado Reiser Shaw 143374143246384545343394246\begin{array}{lllll}\text { Trial}&\text { Barth}&\text { Tornado }&\text {Reiser}&\text { Shaw }\\1 & 43 & 37 & 41 & 43 \\2 & 46 & 38 & 45 & 45 \\3 & 43 & 39 & 42 & 46\end{array}
-Referring to SCENARIO 10-3, what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?


Definitions:

Medical Expenses

Costs for healthcare services that are paid out-of-pocket by an individual or covered by insurance.

Casualty Loss

A loss resulting from a sudden, unexpected, or unusual event such as a storm, theft, or car accident, which can potentially be deducted from one's taxes.

Insurance Settlement

A payment made by an insurance company to a claimant, insured, or beneficiary under the terms of an insurance policy following a loss.

Adjusted Gross Income

is an individual's total gross income minus specific deductions, used to determine tax liability.

Related Questions